LPG Price in India

LPG prices in India are seeing a shift, particularly for commercial cylinders, following the recent Diwali celebrations. As of now, the cost of a 19 kg commercial LPG cylinder in Delhi has risen by Rs. 62/-, now standing at Rs. 1,802/-, compared to the previous price of Rs. 1,740. Smaller cylinders have also experienced price hikes, with the 5 kg Free Trade LPG (FTL) cylinder increasing by Rs. 15. However, households can breathe a sigh of relief as the price of the 14.2 kg domestic LPG cylinder remains unchanged, still at Rs. 802.50.

The new LPG prices in India  took effect on November 1st, and this change is expected to have a significant impact on businesses and establishments that rely heavily on LPG for their operations. Just last month in October, a price increase was already implemented, and it was met with considerable discontent from the public. This trend of rising costs not only affects business owners but also has the potential to increase prices for consumers, making it a challenging time for everyone involved in the LPG supply chain.

U.S. natural gas futures experienced a notable drop, falling sharply in tandem with a broader selloff across the energy sector.

The latest figures indicate that natural gas futures settled at $2.663, reflecting a decrease of $0.451, or a significant 14.48%. A period of geopolitical stability has led to a decline in natural gas prices as traders shift their attention toward mild weather forecasts and substantial storage levels. Analysts are predicting further downward movement in prices

Domestic LPG prices in Karnataka have remained unchanged today, with the average price for a domestic cylinder standing at Rs. 805.50. However, commercial LPG prices in Karnataka have seen a significant increase recently of Rs. 48.50/-  across all major cities in the state. In the capital city Bengaluru  the domestic cylinder is priced at Rs. 805.50/- whereas the Commercial connection costs Rs. 1818/-. Other major cities, Dharwad, Chikmagalur, Mysore, the prices are  Rs. 822/-, Rs. 813/-, Rs. 807.50/- respectively for domestic connections.

The price of domestic LPG in Karnataka has remained unchanged, while commercial LPG cylinders have seen two price increases in the state so far this year. The recent increase in the price of 19 kg commercial LPG cylinders has faced significant backlash, as it is expected to put considerable pressure on various industries, including food and other sectors that rely on LPG for their operations.

Natural gas prices have experienced a sharp decline as traders react to the prospect of milder-than-expected weather conditions. The anticipated mild weather forecast for the United States has weakened demand for natural gas, putting downward pressure on futures prices and creating a bearish market sentiment. The reduced demand for heating fuel has contributed to a surplus of natural gas in the market, leading to a decline in prices.This recent price drop could have significant implications for energy markets and industries that rely on natural gas.

Domestic LPG prices in Karnataka have remained unchanged today, with the average price for a domestic cylinder standing at Rs. 805.50. However, commercial LPG prices in Karnataka have seen a significant increase recently of Rs. 48.50/-  across all major cities in the state. In the capital city Bengaluru  the domestic cylinder is priced at Rs. 805.50/- whereas the Commercial connection costs Rs. 1818/-. Other major cities, Dharwad, Chikmagalur, Mysore, the prices are  Rs. 822/-, Rs. 813/-, Rs. 807.50/- respectively for domestic connections.

The price of domestic LPG in Karnataka has remained unchanged, while commercial LPG cylinders have seen two price increases in the state so far this year. The recent increase in the price of 19 kg commercial LPG cylinders has faced significant backlash, as it is expected to put considerable pressure on various industries, including food and other sectors that rely on LPG for their operations.

Natural gas prices have experienced a sharp decline as traders react to the prospect of milder-than-expected weather conditions. The anticipated mild weather forecast for the United States has weakened demand for natural gas, putting downward pressure on futures prices and creating a bearish market sentiment. The reduced demand for heating fuel has contributed to a surplus of natural gas in the market, leading to a decline in prices.This recent price drop could have significant implications for energy markets and industries that rely on natural gas.

LPG prices in West Bengal have experienced a surge, particularly affecting commercial cylinders. The average cost for domestic connections now stands at Rs. 829/-. Commercial LPG  prices in West Bengal increased by Rs. 49/-  jumping to Rs. 1,850/-. Howrah has maintained stable domestic rates at Rs. 830.50/-, and Purulia remained at Rs. 858/- . Some other major cities like Maldha, Darjeeling and Bankura  also  saw no change in domestic LPG prices and are currently at Rs. 900/-, Rs. 858/-, Rs. 956/-.

A recent report indicates that India's imports of liquefied petroleum gas (LPG) have experienced a substantial 60% increase over the past five years. This surge is primarily driven by a rapid rise in domestic demand, coupled with a stagnant domestic supply. While LPG prices in West Bengal and other regions of India remain relatively stable for residential use, the commercial sector has witnessed two significant price hikes recently, particularly ahead of the festive season. These price increases are expected to have a negative impact on the market, potentially leading to further price adjustments.

Oil prices have rebounded slightly following a sharp drop earlier in the week. The recent increase is primarily attributed to escalating geopolitical tensions and growing concerns about potential disruptions to energy infrastructure.

Natural gas prices are also attempting to recover as traders capitalize on recent price gains. The combination of geopolitical factors and China's efforts to increase natural gas demand has created a volatile environment for both oil and natural gas markets, contributing to price uncertainty.

LPG prices in Tamil Nadu today for the domestic connections have remained relatively stable. The 14.2 kg cylinders used in Common household  cost Rs. 818.50/-, while commercial 19 kg cylinders are priced at Rs. 1,913/-. There has been a major increase of Rs. 49/- per kg in commercial LPG rates in Tamil Nadu, while domestic prices have remained unchanged. LPG rates in Major Cities of Tamil Nadu such as Coimbatore, Madurai, Salem, and Vellore are Rs.832/- , Rs. 844/-, Rs. 836.50/-, Rs. 840/-.

The report highlights that India's GDP growth for the fiscal year 2024 reached a remarkable 8.2%, exceeding the government's initial projection of 7.3%. The recent surge in commercial LPG prices is expected to have a negative impact on businesses and industries that rely on LPG for their operations. This could result in increased costs for businesses, which may ultimately be passed on to consumers in the form of higher prices for goods and services.

Cooler weather conditions prevailing across the Midwest and Northeast regions have provided a temporary boost to natural gas futures prices. However, the overall market sentiment for natural gas remains bearish. Meanwhile, oil prices continue to face downward pressure due to a slowdown in Chinese demand and ongoing geopolitical tensions in the Middle East.

As traders take profits from recent natural gas price increases, the market's focus shifts towards the broader bearish trend.

LPG prices in Uttar Pradesh have seen a recent increase. Domestic connections now cost around Rs. 840.50/- per cylinder, while commercial cylinders have risen by Rs. 49 to approximately Rs. 1800-2000. Khushinagar has recorded the highest LPG prices In Uttar Pradesh, with domestic cylinders at Rs. 873.50/- and commercial ones at Rs. 1937/-. Other major cities like Lucknow, Mathura have similar prices, ranging from Rs. 840.50/- to 812/- for domestic connections.

While domestic LPG prices in Uttar Pradesh have remained relatively stable, an increase in commercial cylinder prices has been met with disapproval. This hike poses challenges for businesses and consumers alike. To address the energy needs of underprivileged households, the government launched the Ujjwala scheme. This initiative aims to provide LPG connections to the poor, empowering them with a cleaner and more efficient cooking fuel.

The natural gas market experienced a slight decline at the start of the trading week, following a period where the hurricane was a primary market driver. As the hurricane's impact wanes, attention shifts towards the approaching winter in the United States. Natural gas prices dropped significantly by 5.13%, closing at 210.9. This decline was attributed to forecasts predicting milder weather and reduced demand for the upcoming week compared to earlier projections.

The LPG prices in India currently are undergoing some massive volatility. While the prices of the Domestic Cylinders remained unchanged the commercial cylinders saw a rise in prices recently .On October 15th, 2024, a 14.2 kg domestic LPG cylinder in Delhi was priced at Rs. 803/-. While domestic LPG prices in India  remained relatively stable, commercial cylinders experienced a modest increase of Rs.48.50/-, reaching Rs. 1,750/-. In Mumbai, LPG prices mirrored this trend, with domestic cylinders at Rs. 802.50 and commercial cylinders at Rs. 1,692/-. Other major states like Kolkata, Chennai, and Hyderabad followed a similar pattern as the LPG prices in India , with domestic cylinder rates currently at Rs. 829, Rs. 818.50, and Rs. 855, respectively.

The Indian LPG market has experienced substantial growth in recent years, fueled by government initiatives and rising consumer adoption. According to a report, the number of LPG connections in India increased significantly from 14 crore in 2014 to over 33 crore in 2024. This remarkable growth can be attributed in large part to the Pradhan Mantri Ujjwala Yojana (PMUY), a government program launched to provide LPG connections to underprivileged households.

The international natural gas market is currently facing downward pressure due to the uncertainty surrounding Hurricane Milton.

Crude oil prices also declined on Monday following China's announcement of a lower-than-expected Consumer Price Index (CPI) for September. The CPI increase of only 0.4% suggests weaker consumer spending in China, a significant factor in global energy demand.

LPG prices in Maharashtra today for domestic connections is currently at Rs. 802.50-. The price of the 19 kg Commercial cylinders saw a hike of Rs. 49.50/- to reach around Rs. 1692- 1933 level. In the capital city Mumbai, the domestic cylinder is priced at Rs. 802.50/- whereas the Commercial LPG Prices in Maharashtra costs Rs. 1692.50/-. LPG prices in Other major cities like Nagpur, Aurangabad, Solapur mirrored the trend and the prices are  Rs. 854.50/-, Rs. 811.50/-, Rs. 842.50/- respectively for domestic connections. 

A recent report indicates that LPG consumption in India reached a new record high in 2023, increasing by 2.3% to 28 million metric tonnes compared to the previous year. Meanwhile, LNG consumption is expected to grow significantly by 6-8% annually in the fiscal year 2025. The Oil Marketing Companies (OMCs) responsible for determining LPG prices in India are Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, and Indian Oil Corporation Limited. While domestic LPG prices in Maharashtra have remained relatively stable, a recent increase in commercial LPG prices has faced backlash. This increase has been attributed to various factors, including rising global crude oil prices and increased demand for commercial LPG. 

The natural gas market has experienced a moderate decline, with prices falling by 5.13% to close at 210.9.

This downward trend can be attributed to several factors. Reduced factory activity due to economic slowdown has weakened demand for oil and natural gas, which are essential for industrial production. Additionally, milder weather conditions have decreased the need for heating, further impacting natural gas consumption.

Domestic LPG prices in Bihar have remained unchanged today, with the average price for a domestic cylinder standing at Rs. 808.50/-. However, commercial LPG prices In Bihar have seen a significant increase of Rs. 49/- across all major cities in the state. The price for commercial connection stood at Rs.1697/-. Domestic cylinders weighing 14.2kg in other major cities in Bihar like Gaya, Aurangabad and Patna mirrored the trend and the prices are  Rs. 900/-, Rs. 899.50/-, Rs. 892.50/- respectively for domestic connections.

The LPG rates in Bihar have remained unchanged for domestic connections, while the commercial segment has witnessed two significant increases. This surge in commercial LPG prices is primarily driven by a heightened demand for LPG and petrol. LPG, which is widely used for cooking and heating, has seen a substantial increase in consumption, potentially due to increased adoption in rural areas and rising living standards. This disparity between domestic and commercial LPG prices in Bihar has significant implications for industries that rely heavily on LPG, such as hospitality, catering, and manufacturing.

The commodity market is currently bearish, anticipating a decline in natural gas prices. However, natural gas prices have shown resilience, with a slight increase in early Monday trading.

This upward movement can be attributed to several factors, including the ongoing impact of the hurricane and the essential role of natural gas in industrial production. Reduced factory activity due to economic slowdown has weakened demand for natural gas, but other factors, such as geopolitical tensions and supply constraints, may be counteracting this downward pressure.

LPG prices in Bihar have experienced a surge, particularly affecting commercial cylinders. The average cost for domestic connections now stands at Rs. 892.50. In some of the cities like Supaul  and Saharsa, domestic cylinders prices are highest within the state at  Rs. 833/-, while commercial cylinders prices in Bihar increased by Rs. 49/-  jumping to Rs. 1,995/-. Patna has maintained stable domestic rates at Rs. 892.50/-, and Nalanda remained at Rs. 885/- .

The state of Bihar, characterized by its Low income substantial population, exhibits a considerable demand for liquefied petroleum gas (LPG). A significant segment of Bihar's rural population relies on subsidized LPG cylinders to fulfill their cooking requirements. Recent market trends indicate a marginal decline in Indian natural gas futures on the Multi Commodity Exchange, with the current price settling at Rs. 391/-.

U.S. natural gas futures witnessed a pullback on Friday, retreating from multi-month highs. The price decline of over 3.5% was primarily driven by profit-taking among traders and persistent oversupply in the market. Weak demand for natural gas further contributed to the bearish price movement.